miami bank owned reo: One Simple Habit Most Successful People Practice Every Day - 08/23/15 03:32 AM

 
 “The only thing worse than not reading a book in the last ninety days is not reading a book in the last ninety days and thinking that it doesn’t matter” — Jim Rohn
 
To be successful in real estate investing, you have to take the right actions. A wrong turn could put you back years and cost you a lot of money. There are two ways of learning what works and what doesn’t. You can learn from someone else’s mistakes, or you can make them yourself.
If you want to do anything great, chances are someone has already done it. They’ve also made … (1 comments)

miami bank owned reo: Homeownership Rate Sinks to Lowest Level Since 1993 - 08/20/15 01:21 PM
 
The percentage of U.S. residents who own their homes is at the lowest point it has been for more than 20 years, according to a report from the U.S. Census Bureau. In the first quarter of 2015, 63.8% of people owned their housing units, down from 64.8% at the start of 2014 (these figures are seasonally adjusted).
The Census data includes decades of quarterly, seasonally adjusted homeownership rates, and those rates have not fallen below 64% since 1993. The rate was 64% in the fourth quarter of 2014. The margin of error for quarterly homeownership rates is 0.3%, meaning the change from … (1 comments)

miami bank owned reo: How Much Is Your Downpayment? - 08/20/15 07:01 AM

64.2% of Millennials Put Down Less than 20%  August 20, 2015  Down Payments, First Time Home Buyers, For Buyers   Digital Risk recently polled Millennials about the housing market. Among their findings was the fact that nearly two-thirds of the generation who have recently purchased a home, have done so with less than 20% down; with 36% putting down less than 5%!
Here is a graph detailing the results:
This means that more and more American’s between the ages of 18 and 34 stopped paying their landlord’s mortgage and started building their own family’s wealth.
Millennials aren’t the only ones taking advantage of lower down … (2 comments)

miami bank owned reo: Real Estate As An Investment - 08/19/15 01:38 AM

Real Estate Again Seen as Best Investment  August 19, 2015  For Buyers   We are almost back to ‘pre-housing crash’ home values. The inventories of distressed properties (foreclosures & short sales) are shrinking dramatically. The economy is improving. The job numbers are headed in the right direction.
 
The big question that still remains: Have Americans regained their confidence in real estate as a worthy investment?
According to a survey conducted by Princeton Survey Research Associates, Americans have put real estate back into first place as the best of all investments.
Here are the results of the survey:
Bottom Line Homeownership never lost … (3 comments)

miami bank owned reo: Foreclosure Inventory - 08/14/15 02:53 AM
Foreclosure Inventory Hits Lowest Mark in Over 7 Years [INFOGRAPHIC]  August 14, 2015  Foreclosures, Infographics  
Some Highlights: The number of homes in the US in some stage of foreclosure is down 28.9% to 472,000. Only 3.5% of homes in the US are currently in serious delinquency. Foreclosure Inventory levels hit the lowest level since January 2008 at 1.2% of all homes with a mortgage. … (3 comments)

miami bank owned reo: Mortgage Process - 08/11/15 10:56 AM
What You Need to Know About the Mortgage Process [INFOGRAPHIC]  August 7, 2015  Down Payments, Infographics  
Some Highlights: According to Freddie Mac, 40% of buyers are putting less than 10% down, with many putting down as little as 3%. Have a budget and stick to it! Know your credit score and history! Reach out to a professional who can help you with the process! … (0 comments)

miami bank owned reo: Finding The Right Agent - 08/11/15 10:47 AM

An Easy Way to Find the Perfect Real Estate Agent  August 6, 2015  For Buyers, For Sellers   There is a plethora of real estate information available today in the news and on the internet. It can be extremely confusing at times.
 
If you are thinking of buying or selling, you need an agent who can help make sense of this rapidly evolving housing market. You need an agent who can help you price your home correctly at the beginning of the selling process. You need an agent who can help you determine what to offer on your dream home without … (0 comments)

miami bank owned reo: 3% Down Plan - 08/11/15 10:44 AM

This Is NOT Your Parents’ 3% Down Payment Plan  August 5, 2015  Down Payments, For Buyers   In their latest Housing Market Insight & Outlook report, Freddie Mac revealed that recent low down payment initiatives have raised concerns that we may be returning to the same lax mortgage qualifications that caused the housing crisis from which we are just now recovering.
The report went on to explain that today’s underwriting guidelines are nothing like those that existed just prior to the housing meltdown.
 
“Pre-crisis underwriting allowed layered risk, that is, the combination of multiple features that amplified credit risk. Low down payments often were combined … (0 comments)

miami bank owned reo: Pending Home Sales Remain Strong - 08/04/15 10:44 AM

Pending Home Sales Remain Strong In June  August 4, 2015  For Buyers, For Sellers   The National Association of REALTORS’ Pending Home Sales Index is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by buyers that will soon translate to sales.
 
The latest index was released last week, with the headline:
Pending Home Sales Dip in June
As we reported last month, May’s Index levels were the highest recorded in the last 9 years. The small 1.8% decline from May remains 8.2% over last June and the third highest reading in two years. The NAR headline, while accurate, isn’t the best … (2 comments)

miami bank owned reo: The Price Is Right - 08/04/15 10:41 AM

Selling Your Home? Price It Right From the Start!  August 3, 2015  For Sellers, Pricing   In today’s market, where demand is outpacing supply in many regions of the country, pricing a house is one of the biggest challenges real estate professionals face. Sellers often want to price their home higher than recommended, and many agents go along with the idea to keep their clients happy. However, the best agents realize that telling the homeowner the truth is more important than getting the seller to like them.
 
There is no “later.” Sellers sometimes think, “If the home doesn’t sell for this … (1 comments)

miami bank owned reo: Want To Purchase Your First Rental Property? - 07/31/15 04:15 AM
How to buy your first rental property
People new to real estate investing often have no idea where to start. I get a lot of questions from aspiring real estate investors as to how they should begin, and what they should be doing.
Getting started in real estate investing can be a daunting task. However, if you take the time to build a solid foundation of knowledge before you begin, you will be off to the races. If you follow the advice precisely in this article series, you will have all the information you need so that you can confidently buy your first … (3 comments)

miami bank owned reo: Do you make these Blogging Errors? - 07/31/15 03:49 AM
7 Blogging Mistakes Made By Real Estate Agents by Faith McGee on December 28, 2012
  While blogging is an essential part of any real estate agent’s inbound marketing strategy, it can do more harm than good when mistakes are made. Mistakes can actually hurt your credibility and reputation. An easy way of looking at it is to ask yourself, “Would I want to buy a house from someone whose blog seems unprofessional?” The answer is no.
But don’t let the high stakes of blogging discourage you. Blogging is an excellent way to become a thought leader in your field, connect to your target market and … (2 comments)

miami bank owned reo: Summer Is Looking Good - 07/31/15 03:39 AM
Spring Buying Season Extends Into Summer [INFOGRAPHIC]  July 31, 2015  For Buyers, For Sellers, Infographics  
Some Highlights:
Existing Home Sales are up 9.6% over last year. Homes Sold on Average in just 34 days! Inventory now stands at a 5.0-month supply. Distressed Sales made up only 8% of all sales. … (0 comments)

miami bank owned reo: Home Sales At Record Levels? - 07/30/15 12:55 AM

Are Home Values REALLY at Record Levels?  July 30, 2015  For Buyers, For Sellers   Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report. The report announced that the median existing-home price in June was $236,400. That value surpasses the peak median sales price set in July 2006 ($230,400). This revelation created many headlines exclaiming that home prices had hit a “new record”:
 
Wall Street Journal: Existing-Home Prices Hit Record USA Today: Existing home sales surge, prices hit record Though the headlines are accurate, we want to take a closer look at the story. We do not want people to … (1 comments)

miami bank owned reo: Home Ownership The Real Story - 07/29/15 05:51 AM

Homeownership: The Real Story Behind The Headlines  July 29, 2015  For Buyers, For Sellers, Housing Market Updates   The big housing news this week is that the homeownership rate has dropped to 63.4% which represents the lowest rate in 48 years. That news definitely is making headlines. Yet, to fully understand what this means we have to look at the story that created these headlines.
 
There is no doubt the homeownership rate has declined since the housing crisis. Here is a graph showing the homeownership rate over the last twenty years. It skyrocketed during the housing boom and has steadily fallen since … (0 comments)

miami bank owned reo: Buyer Demand Still High - 07/28/15 02:10 AM

Buyer Demand Continues To Outpace Housing Supply  July 28, 2015  For Buyers, For Sellers   The price of any item is determined by the supply of that item, and the market demand. The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report.
Inventory Levels & Demand Sales of existing homes rose 3.2% from May, outpacing year-over-year figures for the ninth consecutive month. Total unsold housing inventory is at a 5.0-month supply.
This is down from May’s 5.1-month supply and remains below the 6 months that is needed for a historically normal market.
Consumer confidence is at the highest … (0 comments)

miami bank owned reo: Reasons To Sell Now If You're Thinking About It - 07/27/15 01:16 AM

5 Reasons You Should Sell Now!  July 27, 2015  For Sellers   As the temperature continues to rise, buyers are coming out ready to purchase their dream home. Here are five reasons that you should list your house for sale now.
 
1. Strong Buyer Demand Foot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show that there are significantly more prospective purchasers currently looking at homes than at any point in the last two years!
These buyers are ready, willing and able to purchase… and are in the market right … (3 comments)

miami bank owned reo: Flipping VS Rentals - 07/24/15 12:07 PM
Should I Flip or Should I Rent?
 
If you’ve been reading and researching, you know the first commandment of the Flipping: Buy at a discount.
This is good advice because it preserves your options: If you can buy at a discount, you not only have every advantage going into a flip, but you’ll have a much easier time renting it out for more than you are paying out in mortgage, interest, maintenance and taxes. It’s simply much easier to create a cash-flow positive property from a house you buy cheap than from one for which you pay full price.
Real estate investors may wonder … (2 comments)

miami bank owned reo: Through The Years - 07/24/15 05:32 AM
Cost Across Time [INFOGRAPHIC]  July 24, 2015  Infographics, Interest Rates  
 
Some Highlights:
With interest rates still around 4% now is a great time to look back at where rates have been over the last 40 years. Rates are projected to go up a full percentage point by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is significant! Lock in a low rate now while you can! … (2 comments)

miami bank owned reo: Smaller Markets May Give You A Better Return - 07/23/15 08:54 AM
As we go about our routine responsibilities of serving our owner-clients we often find good deals on residential income properties. That’s true today in smaller markets filled with plentiful opportunities.
Bigger cities are the primary markets many investors are focusing on to increase their holdings of income housing. That’s why some of the smaller, out-of-the-spotlight markets may offer better results.Often the deciding factors about purchasing rental income properties revolve around location, the condition of the buildings and the return on investment (ROI). We also look for a fair market price.Besides these critical points that contribute to buying smarter, adroit property shoppers focus … (0 comments)

 
Ed Macias, Miami FL-REO Property Management Multifamily  (Real Estate Teammates)

Ed Macias

Miami FL-REO Property Management Multifamily

Miami, FL

More about me…

Real Estate Teammates

Address: 13301 SW 132 AVE, Suite 210, MIAMI, Fl, 33186

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